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Amendment to GREAB Rules (effective August 1, 2006)
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539-1-.17(2) Disclosure of Appraiser Classification and Number
(PDF page 31, GREAB Rules)
"When an appraiser makes reference to his or her appraiser classification status in any advertisement, statement of qualification, contract, or other instrument used by the appraiser, the appraiser shall print or type his or her name, appraiser classification, and number assigned by the Board."43-39A-10 & 539-1-.17. GREAB Rules as amended August 1, 2006
"Fine of $200 for Failure of an appraiser to print or type the appraiser’s name, classification, and number assigned by the Board on any advertisement, document or instrument used by the appraiser which bears reference to the appraiser’s classification."Conclusion:
Paragraph 539-1-.16 Appraiser Classifications and Their Education, Examination, and Experience Requirements. Amended:
(9) A State Registered Real Property Appraiser classified on or after August 1, 2006, shall be given credit for his or her first one thousand hours of appraisal experience only if it was earned in appraisal assignments performed under the direct supervision of a supervising appraiser. A State Registered Real Property Appraiser classified before August 1, 2006, may earn his or her appraisal experience under the rule in effect at the time he or she became classified until January 1, 2008, at which time only experience earn under rules in effect on or after August 1, 2006, shall receive credit.Conclusion:
sub-paragraph (9)(e) On or after August 1, 2006, an appraiser who is supervising or who agrees to supervise the work of another appraiser shall enter into a written agreement with the appraiser to be supervised prior to undertaking any appraisal work that will be utilized for appraisal experience credit under this rule. The written agreement shall at a minimum contain provisions that:
sub-paragraph (9)(e)7. identify the scope of duties the supervised appraiser is authorized to undertake, which must not be inconsistent with this rule or the Appraiser Act, and must at least include provisions that:
sub-paragraph (9)(e)7. (a.) all appraiser assignments must be solicited and obtained in the name of the supervising appraiser or the supervising appraiser’s firm (if an appraisal assignment is solicited and obtained in the name of the state registered real property appraiser, the resulting appraisal may not be used for experience credit under this rule);
A T-234 is a "Certificate of Permanent Placement" for a manufactured home and must be filed in Georgia before a manufactured home becomes part of the real property. Without a T-234, a manufactured home is personal property. This requirement was made law in 2002 by HR 506.
Appraisers continue to misunderstand House Resolution 506 and the required T-234. A T-234 DOES NOT have to be recorded before the manufactured home can be appraised. The appraiser DOES NOT have to check for existence of a T-234. The appraisal is accomplished whether or not a T-234 has been filed even if the appraiser doesn’t know one way or the other.
Further, the appraiser DOES NOT CARE whether or not a T-234 has been filed.
The Scope of Work (SOW) Rule says in part:
Since the appraiser may not have sufficient information to determine if the manufactured home is real or personal property, the T-234 becomes a scope of work issue.
Since a Scope of Work that includes the above extraordinary assumption may not be suitable in view of the client’s intended use, discussion with the client of the of the need for an extraordinary assumption regarding the T-234 is required IN ADVANCE.
When appraising a manufactured home an appraiser may not know if a T-234 has been filed and, if not, must make the appraisal subject to an extraordinary assumption such as the following:
This appraisal is subject to appropriate filing of a Certificate of Permanent Placement (T-234).
Ignorance is No Excuse
Paragraph 539-3-.02(1)(m) as approved by the GREAB and effective August 1, 2006 requires the following certification in every appraisal:
Note that it is against the rules not to know the rules. Cut, paste, and save this comment in your pick list. Ignorance of this rule is no excuse.
